Updated : Sep 13, 2024
Govt removes minimum export price cap on onion, basmati rice ahead of assembly polls in Maharashtra, Haryana
The government had previously fixed a $550 per tonne as the minimum export price (MEP) for onion, and had set the minimum export price (MEP) of $1,200 per tonne on exports of basmati rice, which was later reduced to $950 per tonne.
Updated : Sep 13, 2024
Oil near $70 a barrel: India could get some respite on the import bill, inflation may ease
Analysts believe that prices may not remain this low for an extended period but believe that if it does it could have a positive impact on the domestic economy, especially in terms of the import bill.
Updated : Sep 13, 2024
Over 25 global capability centres to open up in 2-3 yrs; Bengaluru preferred location: Report
The study titled GCC Quarterly Landscape Report (Q2, 2024) found that 50% of the retail/CPG GCCs in India have been established in the last eight years.
Updated : Sep 12, 2024
Retail inflation seen to pick up pace from September, core inflation may rise too
CPI inflation in August remains below the 4% mark, food price pressures continue
Updated : Sep 12, 2024
CPI inflation up marginally to 3.65% in August, second lowest in the last five years
CPI inflation in July had eased to a 59-month low of 3.54percentin July from 7.44percent in July 2023 and 5.08 percentin June 2024.
Updated : Sep 12, 2024
Coming soon: Capex survey, economic census
NSSO to carry out several enterprise surveys to get a better picture of non-farm economy
Updated : Sep 12, 2024
Centre fights back: Seeks SC review on state powers to tax minerals, warns of 'big economic fallout'
The ruling, which was passed with an 8:1 majority, had reaffirmed state powers at the cost of the centre, and even countered earlier legal interpretations which had given primacy to the Centre over the states.
Updated : Sep 11, 2024
India readies its ports to power the ambitious IMEC corridor
The ‘virtual trade corridor’ deal with UAE is a major step towards preparing Indian ports for the ambitious India-Middle East-Europe Economic Corridor.
Updated : Sep 11, 2024
Brent crude dips below $70 after OPEC signals fall in oil demand
OPEC trims crude oil demand outlook for 2024 and 2025; Brent crude falls to its lowest in nearly 3 years.
Updated : Sep 10, 2024
28% GST on Online Gaming here to stay forever
Additionally, casino revenue grew by 30 per cent during this period, further reinforcing the decision to maintain the 28 per cent rate GST on both skill-based and chance-based online games.
Updated : Sep 10, 2024
FATF mulls new disclosure norms for credit cards
Currently, credit card transactions only require the disclosure of the cardholder's name and country of origin.
Updated : Sep 10, 2024
Electrification doesn’t always drive economic growth: Study
A new study finds that an increase in electrification brings significant benefits to larger villages, but has a limited impact in small villages
Updated : Sep 10, 2024
FATF to release India’s mutual evaluation report on September 19, places India in regular follow-up category
Discussions on at FATF to review standards to enable simpler onboarding of low risk accounts, facilitate financial inclusion
Updated : Sep 10, 2024
Mahindra, ICICI, Pidilite, Dr Reddy's availed consultancy from Madhabi Puri Buch's Agora Advisory: Congress
Chairman, Media and Publicity Department of AICC, Pawan Khera, said that availing the services of Agora when Buch was a whole-time director of SEBI amounts to “conflict of interest and violates Section 5 of SEBI’s Code on Conflict of Interest for Members of the Board (2008)”.
Updated : Sep 10, 2024
‘We will be in a position to export lithium-ion batteries soon’: Nitin Gadkari
Advocating for EVs, Nitin Gadkari said that he is not “against” petrol and diesel but he believes people need protection from pollution.
Updated : Sep 09, 2024
Decision on GST on health and medical insurance likely in November
Council paves the way for discussions on compensation cess, rate rationalisation
Updated : Sep 09, 2024
Deal value threshold for high-value acquisitions comes into force: major overhaul of CCI's regime
The provision, brought in through the Competition Amendment Act 2023, comes into effect from September 10. The enabling regulations will be notified by the CCI soon and will give effect to the deal value threshold (DVT).
Updated : Sep 09, 2024
GST revenue from online gaming up 412% to Rs 6,909 crore in 6 months, says FM Sitharaman; decision on insurance deferred
The GoM on Medical & Health Insurance have been constituted, which will be be led by Bihar DY CM, Samrat Chaudhary and it will submit a report by October end at the 55th GST Council in November. Matter on health insurance to be studied as there is “more to understand in order to take a decision”, Sitharaman said.
Updated : Sep 09, 2024
Raghuram Rajan warns of the pitfalls of industrial strategy
Former RBI Governor Raghuram Rajan doubles down on his criticism of tariffs & subsidies – “white elephants”, says the approach undermines competition, advances parochial national interests
Updated : Sep 09, 2024
Sharp cut in gold import duty to hike jewellery retailers’ revenues by 22-25%
CRISIL report says short-term loss in inventory values to be balanced by lower marketing costs, revenue growth to be driven by higher volumes.
Updated : Sep 06, 2024
India overtakes China in MSCI's Emerging Markets Investable Market Index
Morgan Stanley reported that India has now surpassed China to become the largest weighting in the MSCI Emerging Market Investable Market Index (EM IMI) where India's weightage was 22.27 per cent as compared to 21.58 per cent of China.
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